Biz Break: PayPal makes Modest acquisition

Problem viewing email? View in Web Browser or Visit our website Wednesday, August 19, 2015 Biz Break  Biz Break: PayPal makes Modest acquisition Biz Break: PayPal makes Modest acquisition Today: PayPal makes its first acquisition since its split with eBay, buying e-commerce company Modest. Also: A new study shows that Facebook is beating Google in generating traffic for news sites, suggesting users are relying on social media more and more to find their news. Target's turnaround taking hold Target is on its way back. Shoppers are visiting the company's stores more often and spending more on each trip, the Minneapolis-based discount-store chain said Wednesday. The company raised its annual profit outlook and said its second-quarter net income more than tripled. Santa Cruz renters find online listing too good to be true Sara Jansen spotted the rental listing July 21 on Craigslist: Large group living opportunity, 12 bedrooms, 3 bathrooms, 1309 High St., one-quarter mile from the University of California Santa Cruz campus. Rent: $945 per month per room. Summer real estate: Busiest July since 2005 Coming off a hot June, July sales for the nine-county Bay Area reached a 10-year high for that month, as deals were cut for 6,765 single-family homes. Man working on Tesla charging station found dead A Tesla spokesman wrote in an email that there had been an accident involving an electrical contractor. The Office of the Chief Medical Examiner has not yet determined the man's cause of death. Subway's big challenge: Getting out from Jared's shadow Subway benefited hugely from Jared Fogle's weight loss story. Now the sandwich chain needs to figure out how to prevent him from overshadowing its future. At July meeting, Fed appeared to be moving closer to rate hike Federal Reserve officials in their July discussions appeared to move closer to their first interest rate hike in nearly a decade but expressed wide-ranging concerns about wages, inflation and a significant slowdown in China. Grading Carly Fiorina's tenure at HP Whenever I think about Carly Fiorina running for president, I get a stomach ache. Oddly, this has little to do with her pronouncements on the campaign trail. Apple v. Samsung: Samsung plans to appeal to U.S. Supreme Court Samsung discloses that it plans to ask U.S. Supreme Court by November to review its ongoing patent feud with Apple over smartphone technology rights Pelosi addresses workplace issues at Amazon campus House Democratic leader Nancy Pelosi says that even if reports of high-pressure management techniques at Amazon are true, 'they won't be taking place anymore.' Ashley Madison hackers reveal personal data Hackers claim to have exposed data on millions of spouses who signed up to the cheating website Ashley Madison. Who needs .com? Domains like .vegas, .pr, .nyc are trending Companies, organizations and people are starting to forsake the familiar '.com' and '.org' Internet address suffixes, using instead hundreds of new ones like '.legal,' '.restaurant,' '.solutions,' '.movie' and '.nyc' that have been coming on the market since early 2014. New female sex pill: What you need to know The daily pill, called Addyi, comes with warnings about risks of fainting if it is combined with certain other drugs or alcohol. Additionally, doctors won't be able to prescribe it unless they complete an online certification test. A meal and a webcam form unlikely recipe for fame in South Korea While the Internet has been making stars for years -- from bloggers to gamers who play for millions of YouTube viewers -- outsiders may find it puzzling, if not outright bizarre, for young people to spend hours watching someone eating. But in South Korea, Afreeca TV has become a big player in the Internet subculture and a crucial part of social life for teens. Costco sued for fishy labor practices California consumers sue Costco, alleging retailer relies on slave labor in Thailand for its source of farmed shrimp for customers RETURN TO TOP Copyright 2015 San Jose Mercury News, All rights reserved. ABOUT THIS E-MAIL This email is brought to you by the Bay Area News Group, 4 N. Second St., Suite 800, San Jose, CA 95113. You are receiving this email because you have opted in to the program. - If you do NOT want to receive this email in the future, please click to UNSUBSCRIBE.>. - To advertise in this newsletter, click here.